Mike Kerns Joins Funko Board of Directors

Rhea-AI Summary

Funko, Inc. has announced the appointment of Mike Kerns to its Board of Directors, effective November 2, 2023. Kerns, a co-founder and partner of The Chernin Group, will fill the vacancy left by the resignation of Rich Paul, who will transition to a strategic advisory role with Funko. The company is optimistic that Kerns' experience in the media and sports industries will bring significant value to the company.

Rich Paul to Serve as Advisor to the Funko Board of Directors

EVERETT, Wash.--(BUSINESS WIRE)-- Funko, Inc. (“Funko”) (Nasdaq: FNKO), a leading pop culture lifestyle brand, today announced the appointment of Mike Kerns to the company’s Board of Directors, effective November 2, 2023. Kerns is a co-founder and partner of The Chernin Group (TCG) and fills the vacancy created by the resignation of Rich Paul, who is transitioning to a strategic advisory role with Funko.

“We’re excited to have Mike join our Board at a time when we’re hyper-focused on running a more efficient business without compromising our fan experience,” said Mike Lunsford, Interim Chief Executive Officer at Funko. “We believe Mike’s experience in the media and sports industries will add significant value to our company.”

“I’m excited to be more involved with Funko by joining its Board of Directors,” said Kerns. “While this has been a challenging year for the business, I’m confident it is on the right track and look forward to helping the Board and management team define additional strategic priorities to ensure Funko remains at the forefront of pop culture fandom.”

ABOUT MIKE KERNS:

Mike is a Co-founder and Partner at TCG. He joined TCG in 2015 and has helped lead the company’s investment efforts. Kerns has deep experience starting, managing, and investing in digital media and consumer technology companies. Prior to joining TCG, Kerns served as Senior Vice President at Yahoo!, leading the Homepage, Video, and Global Media Properties product and business unit. He also previously co-founded Citizen Sports, where he was CEO and led the company to a successful acquisition by Yahoo! in 2010. Mike is currently on the board of TCG, as well as several of its portfolio companies including Night Media, and the Premier Lacrosse League. Previously he has served on the board of Barstool Sports, Crunchyroll and others.

ABOUT FUNKO:

Headquartered in Everett, Washington, Funko is a leading pop culture lifestyle brand. Funko designs, sources and distributes licensed pop culture products across multiple categories, including vinyl figures, action toys, plush, apparel, housewares and accessories for consumers who seek tangible ways to connect with their favorite pop culture brands and characters. Learn more at www.funko.com, and follow us on X (@OriginalFunko) and Instagram (@OriginalFunko).

View source version on businesswire.com: https://www.businesswire.com/news/home/20231102806831/en/

Emily Zalenski

emily.zalenski@funko.com

Shawna Lynch

42West for Funko

shawna_lynch@bhimpact.com

Source: Funko, Inc.

FAQ

Who has been appointed to Funko's Board of Directors?

Mike Kerns has been appointed to Funko's Board of Directors.

When will Mike Kerns start his role on the Board of Directors?

Mike Kerns will start his role on the Board of Directors on November 2, 2023.

Who is Rich Paul and what role will he have with Funko?

Rich Paul is transitioning to a strategic advisory role with Funko.

What is Mike Kerns' background?

Mike Kerns is a co-founder and partner of The Chernin Group (TCG).

What value does Funko expect Mike Kerns to bring?

Funko expects Mike Kerns' experience in the media and sports industries to bring significant value to the company.